Honeywell International Inc. and Avery Dennison Corporation: A Detailed Gross Profit Analysis

A Comparative Analysis of Gross Profit Trends

In the ever-evolving landscape of industrial giants, Honeywell International Inc. and Avery Dennison Corporation have consistently demonstrated their prowess. Over the past decade, Honeywell has maintained a commanding lead, with its gross profit averaging around $12 billion annually. In contrast, Avery Dennison, while smaller, has shown remarkable growth, with its gross profit increasing by approximately 38% from 2014 to 2023.

Key Insights

• Honeywell's Resilience: Despite economic fluctuations, Honeywell's gross profit peaked in 2023, showcasing a robust 20% increase from its 2020 low.
• Avery Dennison's Growth: Avery Dennison's gross profit surged by 45% from 2020 to 2022, reflecting its strategic market expansions.

These trends highlight the dynamic nature of the industrial sector, where strategic innovation and market adaptation are key to sustained growth.